Nigeria’s first publicly listed internet service provider, Legend Internet Plc, has reported a profit after tax of N32.89 million for the financial period ended 30 April 2025, underscoring its ability to translate robust revenue streams into positive earnings despite prevailing economic headwinds.
During this quarter, Legend Internet generated turnover of N319.91 million, led by subscription revenues of N300.15 million, installation fees of N7.19 million and wholesale bandwidth sales totalling N12.58 million.
Cost of goods sold amounted to N105.74 million, comprising bandwidth acquisition costs of N41.93 million and infrastructure expenditures of N58.08 million (among other direct outlays), against which the company achieved a gross profit of N214.18 million.
